McKinsey’s: 6 actions for eCommerce to navigate inflation and not get squeezed too much

  • 29 August 2022
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McKinsey’s: 6 actions for eCommerce to navigate inflation and not get squeezed too much
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Retailers are facing the possibility of persistent inflation—but they can meet that challenge in ways that streamline operations, retain customers, and drive profitable growth.

6 Tips:

  1. Revisit their category strategies to reflect shifts in consumer purchase behavior and margin profiles.

  2. Address end-to-end cost-to-serve through enhanced supply chain visibility and diversification. 

  3. Go granular with pricing and promotion and tailor value delivery to consumers.

  4. Use next-gen sourcing tools to drive sourcing excellence for private-brand and branded goods

  5. Rethink store operations to optimize productivity.

  6. Set up an inflation “win room.” (a flexible, cross-functional structure with the authority to coordinate the inflation response)

 

Check more here: https://www.mckinsey.com/industries/retail/our-insights/navigating-inflation-in-retail-six-actions-for-retailers


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